State Bank of Travancore (SBKT)

As of April 1, 2017, State Bank of Travancore was acquired by State Bank of India. State Bank of Travancore provides various banking products and services in India. It operates in Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations segments. The company’s personal banking services include deposit products, such as savings bank accounts, current accounts, recurring deposit accounts, and reinvestment plans, as well as savings plus, variable deposit, twinkle deposit, twinkle thrift deposit, prathibha savings deposit, little star savings, term deposit, tax saver, and unit deposit schemes; and loan products comprising gold loans, housing loans, education loans, career loans, car loans, two wheeler loans, Jai Jawan pension loans, and personal loans. Its non-resident Indian banking products and services comprise various savings bank and current accounts, fixed or term deposit accounts, FCNR accounts, and resident foreign currency accounts; and housing, education, car, and foreign currency loans. In addition, the company provides corporate banking services consisting of trade and services financing, working capital/term loan finance, flexi loans for traders, short term corporate loan to corporate and non-corporate customers, financing against rent receivables, stand by line of credit, and advances against government receivables for contractors. Further, it provides micro, and small and medium enterprises financing; agriculture loans; and insurance, mutual funds, credit cards, demat, treasury, international banking, electronic payment, Internet and mobile banking, and ATM services. As of March 31, 2016, State Bank of Travancore operated approximately 1,177 branches and 12 extension counters, as well as 1,707 ATMs in 16 States and 3 Union Territories of India. The company was formerly known as Travancore Bank Ltd. State Bank of Travancore was founded in 1945 and is headquartered in Thiruvananthapuram, India.